Freelancer Profit Calculator
Track your business expenses and calculate your real profit margins. Understand the true profitability of your freelance business.
Monthly Revenue
$
Your total income from all freelance work
Annual Revenue
$0
Monthly Expenses
$
Tools, apps, SaaS products
$
Computer, phone, office supplies
$
Ads, website, portfolio costs
$
Health, liability, business insurance
$
Self-employment, income taxes
$
Rent, coworking, utilities
$
Accountant, lawyer, consultants
$
Miscellaneous business costs
Total Monthly Expenses
$0
Net Monthly Profit
$0
Profit Margin
0.0%
⚠️ Low profit margin
Annual Summary
Annual Revenue:$0
Annual Expenses:-$0
Annual Profit:$0
Expense Breakdown:
Software:
$200(0.0%)
Equipment:
$100(0.0%)
Marketing:
$300(0.0%)
Insurance:
$150(0.0%)
Taxes:
$2,500(0.0%)
Office:
$400(0.0%)
Professional:
$200(0.0%)
Other:
$150(0.0%)
Understanding Freelance Profit Margins
Many freelancers focus solely on revenue without properly tracking expenses and profit margins. This freelancer profit calculator helps you understand the true profitability of your business by accounting for all your operational costs.
Common Freelance Business Expenses
- Software & Tools: Design tools, project management, accounting software
- Equipment: Computers, phones, cameras, and other hardware
- Marketing: Website hosting, advertising, portfolio costs
- Insurance: Health insurance, liability insurance, professional indemnity
- Taxes: Self-employment tax, income tax, state taxes
- Workspace: Home office, coworking space, or office rent
- Professional Services: Accountants, lawyers, business consultants
What's a Good Profit Margin for Freelancers?
- 30%+: Excellent - You're running a very profitable business
- 20-30%: Good - Healthy profit margin with room for growth
- 10-20%: Moderate - Consider reducing expenses or increasing rates
- Below 10%: Low - Review your pricing strategy and cut unnecessary costs
Tips to Improve Your Profit Margin
- Regularly review and eliminate unnecessary subscriptions and expenses
- Increase your rates to match your experience and market value
- Focus on higher-paying clients and projects
- Automate repetitive tasks to increase billable hours
- Track expenses diligently to identify cost-saving opportunities
- Set aside money for taxes to avoid year-end surprises